In every auto show, you’re bound to come across a concept project being displayed in hopes of finding a financier to move the project further along than its pipe dream status.
At the 2011 Detroit Auto Show, we finally saw that car. It’s called the Wikispeed SGT01, a racing prototype that was displayed at Cobb Hall in body/chassis/interior/suspension form. The car didn’t have a powertrain on it so we can easily figure out just how far the project needs to go to become production ready.

The SGT01 was originally developed for the Progressive Insurance Automotive X Prize competition and has since taken shape, albeit in small, baby steps. The company’s founder, Joe Justice, is looking into building the SGT01 as a turn-key automobile, but lacks the necessary funding to do so. From what we’ve heard, the company’s looking for an investor or, at the very least, obtain a loan of about $750,000 to get the project up and running.

Whether the company finds that person is still up in the air, though. So for now, they’ve settled on previewing a body prototype of what the SG01 could look like with the hopes of at least getting enough attention to attract a kind soul that can fund the project.